1- Germany may isolate itself "economically" from the EU, If seen, It won't pay a single EURO for any country !!!
2- U.K is the hidden player behind the last rise that resumed last Nov (1.2661), it may stop supporting the euro during the coming weeks or months..
3- Will US economy grow in 2013?!!!
Forecasters say not much,but slowing economy in Europe and China, added to that Obama's administration is trying hard to re-arrange the US house, so most likely the USD will gain against the EURO !
There is a fourth point "fact" but not confirmed , Spanish economy could collapse by the end of 2013?!!
Technically ; As long as 1.2661 holds on a weekly closing basis, the bullish view will remain strong, below 1.2661 will bring a free fall to 1.2000/1.1600 levels...
On the upside, the pair may spike to 1.3850 levels before the big fall, this view is valid as long as 1.2997 holds on a weekly closing basis....
Most likely the EURO will reach 1.2000/1.16000 by the end of 2013 to the middle of 2014 !!!